Bakken Formation
The Bakken Formation is a rock unit occupying a substantial part of the subsurface of the Williston Basin, in Montana, North Dakota, and Saskatchewan and is believed to hold a significant amount of oil shale. The state of North Dakota released a report in April 2008 that estimated there are 167 billion barrels of oil in the Bakken. However, the report also concluded that current technology could only extract 1% or 2.1 billion barrels from the Bakken. In report published by the USGS in April 2008, the amount of technically recoverable oil in the Bakken Formation is at 3.0 to 4.3 billion barrels.
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Notable Analyst Rating Changes 10/27: (CSCO) (OC) (URBN) Upgraded; (BAC) (CA) (V) Downgraded
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KeyBanc Starts Triangle Petroleum (TPLM) at Hold; Emerging Bakken Operator; Waiting for Operated Results
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Morning Movers 10/21: (STX) (SYNA) (PGI) (LPL) Higher; (APKT) (CALX) (CPHD) Lower
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Global Hunter Securities on Exploration & Production: Bakken Bits V: You Want Oil Growth? Here You Go
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Canaccord Genuity Maintains a 'Buy' on Triangle Petroleum (TPLM); Expecting Blowout H2/11 from Accelerated Bakken Activity
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Canaccord Genuity Reiterates a 'Buy' on Triangle Petroleum (TPLM); Pounding Table on Valuation: Path is Clear
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Canaccord Genuity Assumes Coverage on Triangle Petroleum (TPLM) at Buy; Bakken Province Secured; Focused on First Operated Well
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Global Hunter Securities Reiterates a 'Buy' on Triangle Petroleum (TPLM); Winning in the Bakken
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Global Hunter Securities Starts Triangle Petroleum (TPLM) at Buy; New Kid on the Bakken
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Canaccord Adams Upgrades Triangle Petroleum (TPLM) to Speculative Buy
